Required $1$:

DSU Transportation

Income Tax Expense and Net Income

For the Year Ended December $31,2021$

Income before income taxes:

Income tax expense:

Current:

Deferred:

Net income:

Required $2$:

DSU Transportation

Calculation of Interest Expense

For the Year Ended December $31,2021$

Lease obligation:

Bonds payable:

Total interest expense:

Required $3$:

DSU Transportation

Long$-$Term Liabilities Section of Balance Sheet

December $31,2021$

Long$-$term liabilities:

Lease liability:

Less: current portion :

Bonds payable, net:

Deferred tax liability:

Total long$-$term liabilities: